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Ohio Precious Metals Dealer Bonds

What is an Ohio Precious Metals Dealer Bond?

Ohio Precious Metals Dealers must furnish a surety bond as required by Ohio State law. The penal sum of the surety bond is Ten Thousand Dollars and it is to be filed with the Division of Financial Institutions. The bond is mandated for those having applied to the Division of Financial Institutions of the State of Ohio for a license to conduct the business as described in Sections 4728.01 to 4728.14, inclusive, of the Revised Code of Ohio. The obligation is conditioned upon faithful compliance with Ohio State Code Sections 4728.01 to 4728.14 by all members, directors, officers, agents, and employees.

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